Cross currencies refer to currency pairs that do not involve the US dollar (USD) as one of the currencies. In forex trading, the vast majority of transactions involve the USD as one of the currencies, making it the world's primary reserve currency....

Both styles have their appeal, but the choice depends on your personality, schedule and how you handle pressure. Scalping suits traders who like fast decisions and constant screen time. It aims for very small gains taken repeatedly, often within...

Taking a long position in the financial markets is a common investment strategy where an individual or institution buys a security with the expectation that its price will rise over time. While it can be a profitable approach, long positions come...

A forex welcome bonus is an incentive that brokers offer to attract new traders. It’s usually given as extra trading funds when you open an account or make your first deposit. Some brokers offer a no-deposit bonus, which lets you start trading...

A volatility cycle is the natural rise and fall of price movement intensity in financial markets. Prices never move at a constant pace. Markets shift between calm periods where price changes are small and predictable, and active phases where moves...

Traders rely on candlesticks because they offer a simple way to understand market sentiment without needing heavy indicators. Each candle shows how buyers and sellers behaved during a specific period. The open, high, low and close make it easy to see...

Bill Williams' Fractals are a technical analysis tool to identify potential reversal points in price trends. A fractal is a specific five-bar pattern that signals a possible change in market direction.

The Takuri pattern is a Japanese candlestick formation used in forex trading to identify potential reversals in a downtrend. It’s characterized by a single candlestick with a small body and an exceptionally long lower shadow, indicating that...

Forex trading accounts come in various types to cater to the diverse needs and preferences of traders. These accounts offer distinct features, services, and trading conditions, allowing traders to choose the one that aligns best with their trading...

Backtesting is a critical tool that empowers traders to evaluate the historical performance of their forex strategies, providing invaluable insights into the potential viability of their approaches in various market conditions. By utilizing...